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Pawnfi.com is a brand-new lending and leasing marketplace to provide fair appraisal, liquidity, and use cases for non-standard assets (NSAs). Pawnfi has achieved the divestiture of asset ownership, use rights, and earning rights within the product in an innovative way so that asset holders and users can maximize capital efficiency. Compared with other lending protocols in the industry, Pawnfi can provide a wider range of asset support, a more flexible loan portfolio, and more diversified asset realization solutions.
The first DeFi product of its kind, Pawnfi.com is a brand-new lending and leasing market. It appraises, liquidates, and provides use cases for non-standard assets (NSAs). Supported NSAs include non-fungible tokens (NFTs), liquidity provider tokens (LP tokens), tokenized rights, minor crypto-currencies, and bundled assets. With the development of metaverse, more NSAs will emerge, and how these assets are priced, traded and liquidated will be crucial to the revolution of the entire financial industry. To stay ahead of the evolutionary metaverse, Pawnfi.com strives to allow asset holders to access diversified cash flow and to maximize their asset efficiency.
To achieve this, Pawnfi.com uses the pawn concept, tapping into the liquidity locked in NSAs. Unlike traditional pawn lending or leasing, the collateral is digital and custody/settlement is governed by the blockchain on which it is hosted; Pawnfi workflow is managed via smart contract escrow and settlement.
Pawnfi EVM version supports ETH, BSC, Polygon, Arbitrum, and Moonbeam chains. Additionally, it will allow cross-chain integration on Flow and other chains to ensure an improved and holistic user experience. Pawnfi will maintain the momentum on product development, white-list assets, multi-chain network support, and other innovative functions, delivering weekly iterations.
Speaking about the long-term prospects of the project, Pawnfi Founder and CEO Wesley Kayne stated, “The NSA market that Pawnfi addresses is significantly larger than the current NFT market. Specifically, the liquidity and user base will be many times higher than that of standard assets as the metaverse is gaining momentum. We will keep our edge in the scale of assets that Pawnfi covers and continue to put forward innovative functions.”
- Crowd Lending: Fundraising from the crowd to increase efficiency
- Bundle Collateral: A basket of assets can be wrapped up for one single contract
- Installment Plan: Repayment can be split into different schedules to mitigate default risk
- Pool Lending (Coming Soon): Liquidity pool will always be ready for your high turnover rate asset
- Deposit Leasing: Place required deposit to borrow asset from others
- Collateral Swap Leasing (Coming Soon): Place asset(s) as collateral to borrow asset from others
Pawnfi.com (Pawnfi) has announced the closure of a $3M strategic funding round. The investment round was led by Digital Currency Group (DCG) and also included Animoca Brands, Dapper Labs, Polygon, DeFi Alliance, Hashkey Capital, Everest Venture Group, SNZ, and 6Block.
